Funny that the Financial Services Authority should pay so much higher wages than the Bank of England - particularly when the Bank is going to take over some of the FSA's responsibilities when it is disbanded by Chancellor George Osborne... more
Charles Ferguson's documentary offers a forceful and lucid explanation of what caused the 2008 financial crisis, who's to blame and why nothing's changed since. It may leave you feeling angry... more
City Comment: The financial world has been transfixed by the bank bailouts, the deficit, the crisis in Greece and the rest, but that does not mean the rest of the country is sold on the idea that we are just a few months from disaster
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We are all prisoners of our own experience. People who did not work through the early 1990s could not believe there could be a recession and falling house prices. People who did not work through the 1980s do not believe we could face another outbreak of inflation. People who did not work through the 1970s cannot accept the possibility of a revival of trade union power ... more
When the Asian markets collapsed in 1997, and the following year when the threatened collapse of American hedge fund Long-Term Capital Management looked set to take with it a significant slice of Wall Street, the US Federal Reserve slashed interest rates to restore market confidence. ... more
The Governor of the Bank of England made clear that he had not been fully consulted about the Government’s proposals for regulatory reform of the financial sector ... more
Sterling fell sharply after credit ratings agency Standard & Poor's cut its outlook for the UK on fears over ballooning levels of Government debt... more
Alan Greenspan has spoken of “seeds of recovery” for the global economy and declared stock markets around the world “have to be close to a turning point”... more
The reputation of bankers is at an all-time low and still they ignore the lessons of the crisis. We now need extreme measures to restore confidence... more
Analysis: One of life's rules is that there's bad in good and good in bad. The total collapse of the US financial system is no exception. Even in the midst of the current financial despair, we can look around and identify many collateral benefits... more
Fears for the future of insurance giant AIG sent its shares crashing more than a third as Alan Greenspan, former chairman of the Fed, warned more financial institutions would collapse... more
So the worst kept secret in the City and Wall Street is out: after Lehman, Merrill was next. It was the bank causing the most anxiety, the big one, that if it collapsed, could bring the whole pack of cards crashing down. Merrill occupies a position in American society quite different from its relative obscurity here... more
Former Federal Reserve chairman Alan Greenspan has slammed the US government's handling of the bailout pledge to mortgage finance firms Fannie Mae and Freddie Mac... more
As NatWest-owners RBS today announced disastrous results, including a £5.9bn write-off, we tell what has fuelled the biggest downturn to hit London and the financial world for a generation... more
Exclusive: After high-profile allegations this season, Charlton's manager is pleased the issue is now being addressed but says the authorities still have plenty of work to do
Tonight:
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